Canada Pension Plan Investment Board
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Canada Pension Plan Investment Board reported 1,345 stock positions worth $142.4 billion. Its top holding was Nvidia (NVDA) at 5.9% of the portfolio, followed by Microsoft (MSFT, 4.5%) and Apple (AAPL, 4.5%). Compared with Q2 2025, it opened 167 new positions, sold out of 166, added to 581 and reduced 422. The biggest buy was Bunge Global (BG, shares +999419%) and the biggest sale Mastercard Class A (MA, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO ONTARIO, A6
- CIK
- 0001283718
- Portfolio Value
- $142.4B (Q3 2025)
- SEC Filing
- 0001104659-25-111415 ↗ filed Nov 13, 2025
Holdings Value
Holdings 1,345 stocks · $142.4B
| NVDA Nvidia Corp. | 5.86% | 44,734,795 | $8.3B | Add +22.2% |
| MSFT Microsoft Corp. | 4.52% | 12,420,711 | $6.4B | Add +12.1% |
| AAPL Apple Inc. | 4.45% | 24,894,984 | $6.3B | Add +8.5% |
| AMZN Amazon.com Inc. | 2.54% | 16,480,274 | $3.6B | Add +25.6% |
| AVGO Broadcom Inc. | 2.30% | 9,938,067 | $3.3B | Add +29.2% |
| GOOGL Alphabet Inc. Class A | 1.84% | 10,790,906 | $2.6B | Add +16.7% |
| META Meta Platforms Inc. Class A | 1.80% | 3,498,185 | $2.6B | Add +16.7% |
| TSLA Tesla Inc. | 1.59% | 5,102,954 | $2.3B | Add +41.9% |
| MA Mastercard Inc. Class A | 1.55% | 3,877,654 | $2.2B | Reduce -6.1% |
| BG Bunge Global SA | 1.50% | 26,247,358 | $2.1B | Add +999418.6% |
| GE General Electric filed as GE AEROSPACE | 1.41% | 6,689,115 | $2.0B | Add +1.2% |
| GOOG Alphabet Inc. Class C | 1.37% | 8,012,786 | $2.0B | Add +27.6% |
| SRAD Sportradar Group AG-A | 1.29% | 68,171,745 | $1.8B | No change |
| JPM JPMorgan Chase & Co. | 1.27% | 5,712,330 | $1.8B | Add +27.9% |
| INFA Informatica Inc. Class A | 1.12% | 64,379,838 | $1.6B | No change |
| LIN Linde PLC | 1.12% | 3,345,969 | $1.6B | Add +1.8% |
| VIK Viking Holdings Ltd. | 1.10% | 25,144,744 | $1.6B | Reduce -19.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.05% | 2,237,000 | $1.5B | No change |
| TMUS T-Mobile US Inc. | 1.02% | 6,080,297 | $1.5B | Add +5.0% |
| LYV Live Nation Entertainment Inc. | 1.02% | 8,900,478 | $1.5B | Add +1.1% |
| CNQ Canadian Natural Resources | 0.92% | 41,159,707 | $1.3B | Add +8.9% |
| DLR Digital Realty Trust Inc. | 0.91% | 7,462,186 | $1.3B | Add +1.4% |
| TRP TC Energy Corp. | 0.82% | 21,411,081 | $1.2B | Add +2.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.80% | 2,272,634 | $1.1B | Add +25.8% |
| NFLX Netflix Inc. | 0.74% | 877,789 | $1.1B | Add +30.2% |
| RY Royal Bank of Canada | 0.71% | 6,900,146 | $1.0B | Add +0.5% |
| UNP Union Pacific Corp. | 0.70% | 4,199,922 | $992.7M | Add +1.8% |
| LLY Eli Lilly & Co. | 0.67% | 1,248,212 | $952.4M | Add +8.3% |
| PLTR Palantir Technologies Inc. Class A | 0.66% | 5,182,896 | $945.5M | Add +65.1% |
| EQIX Equinix Inc. | 0.65% | 1,179,832 | $924.1M | Add +7.0% |
| EQH Equitable Holdings Inc. | 0.62% | 17,508,117 | $889.1M | Reduce -0.6% |
| TD Toronto-Dominion Bank | 0.61% | 10,780,343 | $861.8M | Reduce -13.6% |
| COST Costco Wholesale Corp. | 0.60% | 927,892 | $858.9M | Add +89.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.56% | 15,518,865 | $800.6M | Add +3.4% |
| SHOP Shopify Inc. Class A | 0.56% | 5,383,374 | $799.6M | Add +1.9% |
| IQV Iqvia Holdings Inc. | 0.55% | 4,115,564 | $781.7M | Reduce -1.3% |
| XOM Exxon Mobil Corp. | 0.54% | 6,777,684 | $764.2M | Add +14.6% |
| ABBV Abbvie Inc. | 0.52% | 3,186,187 | $737.7M | Add +26.8% |
| WAY Waystar Holding Corp. | 0.51% | 19,025,452 | $721.4M | Reduce -23.8% |
| IWM iShares Russell 2000 ETF | 0.47% | 2,781,000 | $672.9M | Reduce -7.6% |
| ISRG Intuitive Surgical Inc. | 0.46% | 1,463,755 | $654.6M | Add +34.4% |
| JNJ Johnson & Johnson | 0.45% | 3,479,625 | $645.2M | Add +18.1% |
| HD Home Depot Inc. | 0.44% | 1,556,665 | $630.7M | Add +3.1% |
| COF Capital One Financial Corp. | 0.44% | 2,961,979 | $629.7M | Add +27.4% |
| WMT Walmart Inc. | 0.44% | 6,107,574 | $629.4M | Add +59.4% |
| ORCL Oracle Corp. | 0.44% | 2,206,035 | $620.4M | Add +26.5% |
| D Dominion Energy Inc. | 0.43% | 9,894,336 | $605.2M | Reduce -5.2% |
| RNW Renew Energy Global PLC-A | 0.41% | 76,501,166 | $589.1M | No change |
| GS Goldman Sachs Group Inc. | 0.41% | 731,213 | $582.3M | Add +29.0% |
| CSCO Cisco Systems Inc. | 0.40% | 8,417,776 | $575.9M | Add +36.1% |
| C Citigroup Inc. | 0.40% | 5,640,719 | $572.5M | Add +30.1% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.40% | 8,769,838 | $566.9M | Add +14.7% |
| CRC California Resources Corp. | 0.39% | 10,506,895 | $558.8M | No change |
| AMD Advanced Micro Devices | 0.38% | 3,380,654 | $547.0M | Add +32.2% |
| UNH Unitedhealth Group Inc. | 0.38% | 1,582,579 | $546.5M | Add +4.7% |
| PG The Procter & Gamble Co. | 0.38% | 3,511,681 | $539.6M | Add +19.8% |
| PEP Pepsico Inc. | 0.37% | 3,752,753 | $527.0M | Add +11.3% |
| SCHW Schwab (charles) Corp. | 0.37% | 5,482,060 | $523.4M | Add +38.3% |
| BSX Boston Scientific Corp. | 0.36% | 5,260,450 | $513.6M | Add +11.5% |
| ENB Enbridge Inc. | 0.36% | 10,044,011 | $506.6M | Reduce -24.0% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 0.35% | 6,310,822 | $504.2M | Reduce -7.8% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.35% | 3,850,593 | $501.7M | Add +10.3% |
| CRM Salesforce Inc. | 0.34% | 2,054,201 | $486.8M | No change |
| ADBE Adobe Inc. | 0.34% | 1,358,803 | $479.3M | Add +18.2% |
| DHR Danaher Corp. | 0.33% | 2,391,566 | $474.2M | Add +9.0% |
| KO The Coca-Cola Co. | 0.33% | 7,112,607 | $471.7M | Add +43.8% |
| WTRG Essential Utilities Inc. | 0.33% | 11,661,095 | $465.3M | No change |
| CVX Chevron Corp. | 0.32% | 2,931,947 | $455.3M | Add +39.2% |
| BN Brookfield Corp. | 0.32% | 6,605,000 | $453.1M | Add +1.0% |
| SU Suncor Energy Inc. | 0.32% | 10,774,343 | $450.8M | Add +2.1% |
| LRCX Lam Research Corp. | 0.31% | 3,347,057 | $448.2M | Add +54.5% |
| TXN Texas Instruments Inc. | 0.31% | 2,416,446 | $444.0M | Add +95.3% |
| LNG Cheniere Energy Inc. | 0.30% | 1,829,929 | $430.0M | Reduce -0.8% |
| NTR Nutrien Ltd. | 0.30% | 7,270,756 | $426.9M | Reduce -1.0% |
| WFC Wells Fargo & Co. | 0.30% | 5,047,210 | $423.1M | Add +18.2% |
| IPG Interpublic Group of Cos Inc. | 0.30% | 15,090,745 | $421.2M | Add +1.8% |
| AEM Agnico Eagle Mines Ltd. | 0.29% | 2,459,302 | $414.1M | Add +4.9% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.29% | 25,664,689 | $410.9M | Add +30.2% |
| PM Philip Morris International | 0.29% | 2,530,496 | $410.4M | Add +37.7% |
| MCD McDonald's Corp. | 0.27% | 1,281,713 | $389.5M | Add +53.3% |
| CMCSA Comcast Corp. Class A | 0.27% | 12,141,838 | $381.5M | Add +186.3% |
| MS Morgan Stanley | 0.26% | 2,335,780 | $371.3M | Add +5.0% |
| PLD Prologis Inc. | 0.26% | 3,224,340 | $369.3M | Add +2.3% |
| T AT&T Inc. | 0.25% | 12,709,610 | $358.9M | Add +44.3% |
| BKNG Booking Holdings Inc. | 0.25% | 64,900 | $350.4M | Add +34.1% |
| NOW ServiceNow Inc. | 0.24% | 365,087 | $336.0M | Add +22.2% |
| TRGP Targa Resources Corp. | 0.23% | 1,986,750 | $332.9M | Add +5.3% |
| PCG P G & E Corp. | 0.23% | 21,980,469 | $331.5M | Add +10.9% |
| MRK Merck & Co. Inc. | 0.23% | 3,848,556 | $323.0M | Add +5.8% |
| CCI Crown Castle Inc. | 0.23% | 3,325,212 | $320.8M | Add +338.8% |
| ARES Ares Management Corp. Class A | 0.22% | 1,982,400 | $317.0M | Add +23.4% |
| UBER Uber Technologies Inc. | 0.22% | 3,215,905 | $315.1M | Reduce -20.8% |
| CP Canadian Pacific Kansas City | 0.22% | 4,229,300 | $314.9M | Reduce -16.9% |
| INTU Intuit Inc. | 0.22% | 456,987 | $312.1M | Reduce -8.1% |
| CIVI Civitas Resources Inc. | 0.22% | 9,524,201 | $309.5M | No change |
| CNI Canadian Natl Railway Co. | 0.22% | 3,259,541 | $307.3M | Reduce -10.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.21% | 509,000 | $305.6M | No change |
| EIX Edison International | 0.21% | 5,491,219 | $303.6M | Add +3.2% |
| NEE Nextera Energy Inc. | 0.21% | 3,985,220 | $300.8M | Add +23.8% |
| GEV GE Vernova Inc. | 0.21% | 476,952 | $293.3M | Add +21.2% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $29.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | 29,957,000 | $29.3M | No change |
Total filed on the 13F, all lines: $142.4B.
Portfolio Sells Q2 2025 → Q3 2025
| MA Mastercard Inc. Class A | Reduce -6.1% | 1.55% | −0.44 |
| WAY Waystar Holding Corp. | Reduce -23.8% | 0.51% | −0.37 |
| VIK Viking Holdings Ltd. | Reduce -19.8% | 1.10% | −0.33 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Sold out | 0.00% | −0.26 |
| EQH Equitable Holdings Inc. | Reduce -0.6% | 0.62% | −0.22 |
| TD Toronto-Dominion Bank | Reduce -13.6% | 0.61% | −0.18 |
| KKR KKR & Co. Inc. | Reduce -54.1% | 0.10% | −0.17 |
| INVH Invitation Homes Inc. | Reduce -38.2% | 0.13% | −0.16 |
| ENB Enbridge Inc. | Reduce -24.0% | 0.36% | −0.16 |
| SPOT Spotify Technology SA | Reduce -22.5% | 0.17% | −0.13 |
| CP Canadian Pacific Kansas City | Reduce -16.9% | 0.22% | −0.12 |
| CVE Cenovus Energy Inc. | Reduce -69.1% | 0.06% | −0.12 |
| INTU Intuit Inc. | Reduce -8.1% | 0.22% | −0.12 |
| CNI Canadian Natl Railway Co. | Reduce -10.3% | 0.22% | −0.11 |
| V Visa Inc. Class A | Reduce -20.2% | 0.18% | −0.11 |
| UBER Uber Technologies Inc. | Reduce -20.8% | 0.22% | −0.10 |
| DIS The Walt Disney Co. | Reduce -37.2% | 0.09% | −0.10 |
| KRC Kilroy Realty Corp. | Sold out | 0.00% | −0.08 |
| IWM iShares Russell 2000 ETF | Reduce -7.6% | 0.47% | −0.08 |
| LNG Cheniere Energy Inc. | Reduce -0.8% | 0.30% | −0.08 |
| D Dominion Energy Inc. | Reduce -5.2% | 0.43% | −0.08 |
| MELI MercadoLibre Inc. | Reduce -19.7% | 0.11% | −0.08 |
| AMAT Applied Materials Inc. | Reduce -22.2% | 0.19% | −0.08 |
| LAD Lithia Motors Inc. | Reduce -25.9% | 0.10% | −0.08 |
| FLUT Flutter Entertainment PLC-Di | Reduce -51.5% | 0.04% | −0.07 |
| DASH DoorDash Inc. Class A | Reduce -34.9% | 0.10% | −0.07 |
| SE Sea Ltd.-ADR | Reduce -99.9% | 0.00% | −0.07 |
| NTR Nutrien Ltd. | Reduce -1.0% | 0.30% | −0.07 |
| MCHP Microchip Technology Inc. | Reduce -65.9% | 0.02% | −0.07 |
| HUM Humana Inc. | Reduce -66.6% | 0.03% | −0.06 |
| LMT Lockheed Martin Corp. | Reduce -24.6% | 0.13% | −0.06 |
| APTV Aptiv PLC | Reduce -39.8% | 0.10% | −0.06 |
| CM Can Imperial BK of Commerce | Reduce -7.8% | 0.35% | −0.06 |
| TTAN Servicetitan Inc. Class A | Reduce -96.4% | 0.00% | −0.06 |
| QCOM Qualcomm Inc. | Reduce -10.3% | 0.20% | −0.06 |
| CTSH Cognizant Tech Solutions-A | Reduce -30.5% | 0.06% | −0.06 |
| AON Aon PLC Class A | Reduce -85.6% | 0.01% | −0.05 |
| AXP American Express Co. | Reduce -19.9% | 0.11% | −0.05 |
| PANW Palo Alto Networks Inc. | Reduce -33.3% | 0.06% | −0.05 |
| HES Hess Corp. | Sold out | 0.00% | −0.05 |
| EMR Emerson Electric Co. | Reduce -77.6% | 0.01% | −0.04 |
| HWM Howmet Aerospace Inc. | Reduce -75.2% | 0.01% | −0.04 |
| SO The Southern Co. | Reduce -41.9% | 0.04% | −0.04 |
| BZ Kanzhun Ltd. - ADR | Sold out | 0.00% | −0.04 |
| PYPL PayPal Holdings Inc. | Reduce -19.2% | 0.06% | −0.04 |
| EMA Emera Inc. | Reduce -49.4% | 0.03% | −0.04 |
| MDLZ Mondelez International Inc. Class A | Reduce -32.3% | 0.04% | −0.04 |
| PSX Phillips 66 | Reduce -74.1% | 0.01% | −0.04 |
| MFC Manulife Financial Corp. | Reduce -2.4% | 0.14% | −0.04 |
| TT Trane Technologies PLC | Reduce -10.7% | 0.09% | −0.04 |
Portfolio Buys Q2 2025 → Q3 2025
| BG Bunge Global SA | Add +999418.6% | 1.50% | +1.50 |
| NVDA Nvidia Corp. | Add +22.2% | 5.86% | +0.91 |
| TSLA Tesla Inc. | Add +41.9% | 1.59% | +0.62 |
| AVGO Broadcom Inc. | Add +29.2% | 2.30% | +0.49 |
| GOOGL Alphabet Inc. Class A | Add +16.7% | 1.84% | +0.45 |
| AAPL Apple Inc. | Add +8.5% | 4.45% | +0.42 |
| GOOG Alphabet Inc. Class C | Add +27.6% | 1.37% | +0.42 |
| PLTR Palantir Technologies Inc. Class A | Add +65.1% | 0.66% | +0.30 |
| COST Costco Wholesale Corp. | Add +89.0% | 0.60% | +0.19 |
| CCI Crown Castle Inc. | Add +338.8% | 0.23% | +0.16 |
| JPM JPMorgan Chase & Co. | Add +27.9% | 1.27% | +0.16 |
| NTSK Netskope Inc. Class A | New | 0.14% | +0.14 |
| CMCSA Comcast Corp. Class A | Add +186.3% | 0.27% | +0.14 |
| LRCX Lam Research Corp. | Add +54.5% | 0.31% | +0.13 |
| PGR Progressive Corp. | Add +874.8% | 0.15% | +0.13 |
| WMT Walmart Inc. | Add +59.4% | 0.44% | +0.12 |
| STX Seagate Technology Holdings | Add +652.0% | 0.13% | +0.12 |
| ABBV Abbvie Inc. | Add +26.8% | 0.52% | +0.12 |
| LAMR Lamar Advertising Co. Class A | New | 0.12% | +0.12 |
| BLK BlackRock Inc. | Add +244.1% | 0.17% | +0.11 |
| ORCL Oracle Corp. | Add +26.5% | 0.44% | +0.11 |
| HOOD Robinhood Markets Inc. Class A | New | 0.11% | +0.11 |
| PBA Pembina Pipeline Corp. | Add +153.2% | 0.18% | +0.10 |
| TJX TJX Companies Inc. | Add +96.0% | 0.20% | +0.10 |
| EXAS Exact Sciences Corp. | Add +2439.1% | 0.10% | +0.10 |
| CLS Celestica Inc. | New | 0.09% | +0.09 |
| TXN Texas Instruments Inc. | Add +95.3% | 0.31% | +0.09 |
| MSTR Strategy Inc. | New | 0.09% | +0.09 |
| C Citigroup Inc. | Add +30.1% | 0.40% | +0.09 |
| VTR Ventas Inc. | Add +425.1% | 0.11% | +0.08 |
| AMZN Amazon.com Inc. | Add +25.6% | 2.54% | +0.08 |
| SBAC SBA Communications Corp. | Add +868.0% | 0.09% | +0.08 |
| HON Honeywell International Inc. | Add +127.1% | 0.19% | +0.08 |
| AMD Advanced Micro Devices | Add +32.2% | 0.38% | +0.07 |
| JNJ Johnson & Johnson | Add +18.1% | 0.45% | +0.07 |
| AEP American Electric Power | Add +214.2% | 0.11% | +0.07 |
| GS Goldman Sachs Group Inc. | Add +29.0% | 0.41% | +0.07 |
| MCD McDonald's Corp. | Add +53.3% | 0.27% | +0.06 |
| CVX Chevron Corp. | Add +39.2% | 0.32% | +0.06 |
| BCE Bce Inc. | Add +283.6% | 0.09% | +0.06 |
| GD General Dynamics Corp. | Add +66.2% | 0.16% | +0.06 |
| CRBG Corebridge Financial Inc. | Add +103.1% | 0.18% | +0.06 |
| WBD Warner Bros Discovery Inc. | Add +3139.0% | 0.06% | +0.06 |
| SCHW Schwab (charles) Corp. | Add +38.3% | 0.37% | +0.06 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +30.2% | 0.29% | +0.06 |
| NKE Nike Inc. Class B | Add +203.4% | 0.09% | +0.05 |
| AEM Agnico Eagle Mines Ltd. | Add +4.9% | 0.29% | +0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +25.8% | 0.80% | +0.05 |
| MRSH Marsh & McLennan Cos | Add +1373.4% | 0.06% | +0.05 |
| GM General Motors Co. | Add +47.0% | 0.15% | +0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,694 | $180.8B | NVDA, AAPL, MSFT, AVGO, GOOGL |
| Q1 2026 | 1,679 | $155.0B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q4 2025 | 1,970 | $149.5B | NVDA, AAPL, MSFT, AMZN, AVGO |
| Q3 2025 | 1,345 | $142.4B | NVDA, MSFT, AAPL, AMZN, AVGO |
| Q2 2025 | 1,344 | $116.9B | NVDA, MSFT, AAPL, AMZN, MA |
| Q1 2025 | 1,296 | $103.0B | AAPL, MSFT, NVDA, MA, AMZN |
| Q4 2024 | 1,396 | $105.0B | NVDA, AAPL, MSFT, MA, UNH |
| Q3 2024 | 1,317 | $105.5B | NVDA, GOOGL, MSFT, AAPL, UNH |
| Q2 2024 | 1,358 | $101.7B | NVDA, GOOGL, MSFT, AAPL, INFA |
| Q1 2024 | 1,164 | $95.1B | NVDA, GOOGL, MSFT, INFA, MA |